How does the US IRA influence the business model?It is well...

How does the US IRA influence the business model?It is well known that critical minerals markets are highly concentrated, a condition that puts supply chains in substantial risk. The US Inflation Reduction Act (IRA) is a direct response to this risk and it has very rapidly created a supportive environment to producers along the Allied Supply Chain.The IRA offers substantial tax credits up to US$7,500 to consumers who purchase an EV that has been manufactured in the US and contains a certain percentage of materials manufactured or processed in the US or in an Allied country.More specifically for our cobalt and nickel sulphate, from 2025, the vehicle’s battery cannot contain any battery components from a Foreign Entity of Concern (FEOC) to qualify for the credits.Last weekend, the US released guidance that prohibits the involvement of companies where 25% or more of the entity is controlled by an FEOC. This effectively means Cobalt Blue will be one of the few producers with the ability to deliver IRA-compliant material in the next 2-4 years. QUOTE In article in Proactive Investors

This is a real plus for COB as Allied Governments decide on their involvement to support the company IMO